May 12, 2023

Daimler FS invests in AutoGravity Daimler Financial Services along with California based start-up AutoGravity has rolled a comparison app for buying and financing vehicles across 46 states in the US. Free Report How attractive are current investment opportunities in Europe? Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion.The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals.However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals.Understand how government agencies for economies around the world use GlobalData Explorer to: Track the M&A and Capital Raising volumes into their target market Identify the top sectors in the target market attracting the investments For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment Assess and showcase the growth potential for various Industries in the target economy Don’t miss out on key market insights that can help optimize your next investment – read the report now. By GlobalData Submit By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their privacy policy Recommended Reports Submit Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Thank you.Please check your email to download the Report. The app provides users with up to four offers in minutes, said Daimler FS, and features multiple vehicle brands and models which enables various financial services providers and automotive manufacturers the opportunity to offer vehicle financing and leasing via smartphone. As part of the roll out, Daimler FS said it had invested in AutoGravity. AutoGravity first piloted its platform in California in mid-2016 in conjunction with Mercedes-Benz Financial Services USA. Since then, it has also integrated additional finance providers into the platform, and has also extended its offering to include leases and used-car finance. According to Daimler FS, since the launch of the pilot the app – which is available through iOS, Android and Web applications – has been downloaded over 150,000 times. Klaus Entenmann, chairman of the board of management of Daimler Financial Services said: “In AutoGravity, we see a new star rising in the digital world. Customers are able to find the best financing deal for their vehicle in real time. The comparison app acts as a digital interface between the customer, dealerships and various financial service providers.” The investment in AutoGravity followed the launch of ‘Mercedes pay’ in January, along with the acquisition of payment services provider PayCash Europe . Entenmann added: “After being in the auto financing business for more than 50 years, our goal is to continue offering customers a suite of digital tools for a more innovative financing and mobility experience.” Free Report How attractive are current investment opportunities in Europe? Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion.The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals.However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals.Understand how government agencies for economies around the world use GlobalData Explorer to: Track the M&A and Capital Raising volumes into their target market Identify the top sectors in the target market attracting the investments For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment Assess and showcase the growth potential for various Industries in the target economy Don’t miss out on key market insights that can help optimize your next investment – read the report now. By GlobalData Submit By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their privacy policy Submit Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Thank you.Please check your email to download the Report. Share this article